Kaman sells Mexican distribution subsidiary

BLOOMFIELD, Conn.—Kaman Corp. has sold its Mexican business unit Delamac de Mexico S.A. de C.V. to Rodamientos y Accesorios S.A. de C.V.

Kaman did not disclose the financial terms of the transaction.

“We did not have sufficient scale in Mexico to achieve our long-term targeted profitability goals and believe the operation will be better aligned with RYASA. We are grateful to the employees of Delamac for their commitment and service to Kaman and believe the new ownership will be beneficial for all parties,” Steven J. Smidler, Kaman executive vice president and Distribution Segment president, said in a statement.

Kaman said it expects to record pre-tax charges of about $4.5 million to $5.5 million related to the transaction for the fourth quarter of 2014. The firm said Delamac was part of its Distribution Segment and accounted for less than 2.5 percent of segment revenues.

Kaman is based in Bloomfield and serves the aerospace and distribution markets, distributing industrial parts through more than 250 customer service centers and five distribution centers in the U.S. and Puerto Rico—offering more than 4 million items.